Annual growth was driven mostly by higher oil prices, while monthly inflation was largely due to higher clothing and footwear prices, the Slovenian Statistics Agency said in a report.
In October 2021, the annual increase in consumer prices was 3%. In October 2020, price growth was negative, -0.1%. The average 12-month price increase was 1% (in the same period last year it was 0.4%).
In one year, prices of goods and services increased on average by 4.1% and 1.1%, respectively. For goods, prices of volatile and stable goods increased by 5.3% and 4.6%, respectively, while prices of semi-durable goods decreased by 0.8%.
In October 2021, the largest increase in annual inflation (1.6 percentage points) came from higher prices of petroleum products (oil prices increased by 39.8%, liquid fuel prices by 39% and gasoline prices by 31.7%). An additional 0.3 pp each came from higher prices of thermal energy (by 44.1%), catering services (by 5.9%) and motor cars (by 5.6%).
In October 2021, consumer prices were on average 0.9% higher than a month earlier.
The biggest increase in the monthly inflation (0.5 pp) had the seasonal change of the clothing and footwear collection, as prices in this group increased on average by 7.3%. 0.3 pp was added by higher prices of petroleum products. Liquid fuel prices rose by 7.7%, oil prices by 7.5% and gasoline prices by 3.9%. An additional 0.1 pp each came from higher prices of thermal energy (by 12.1%), fresh or cold fruit (by 7.2%), gas (5.3%) and new motor cars (by 2.7%). Other price increases in October added an increase of 0.2 pp
On the other hand, the monthly price increase decreased by 0.2 percentage points as a result of the decrease in the prices of vacation packages (by 7%). An additional 0.1 pp each came from the lowest rental prices of garages, parking lots and personal transport equipment (by 13.4%), meat (by 2%) and telephone and fax equipment (by 1.3%).
Measured by the harmonized index of consumer prices, in October 2021 the annual growth of consumer prices was 3.5% (in October 2020 it was .0.5%). The average 12-month price increase was 1% (in the same period last year 0.2%). The monthly price increase was 1.1%.
On average, commodity prices increased by 4.5% compared to October 2020 and service prices by 1.5%. Regarding goods, prices of volatile goods increased by 6% and stable ones by 4.5%, while semi-durable goods decreased by 0.7%.
Measured by the harmonized index of consumer prices, in September 2021 the annual inflation rate in EMU countries was 3.4% (in August 2021 it was 3%). In the EU-27 Member States, it was 3.6% (from 3.2% in August 2021). The lowest annual inflation rate was recorded in Malta (0.7%) and the highest in Estonia and Lithuania (both 6.4%); in Slovenia it was 2.7%.